What is tds for shinfting

This query is : Resolved

amol dhage (Querist)
Follow

29 October 2012 Respected sir,
i have info about
SHIFTING OF HEAVY MATERIAL OR MACHINERY CAN LIABLE TO PAY T.D.S OR NOT ?
IF YES Then what is the rate of TDS ?
.
.
.
PLEASE GIVE ME SOLUTION

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
Follow

30 October 2012 what you want to know please elaborate and clarify what is the issue ??

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

03 August 2025 Hey! Here’s a clear answer on TDS for shifting heavy material or machinery:

Is TDS applicable on shifting heavy material or machinery?
Yes, if the payment made for shifting services qualifies as payment to a contractor or service provider, TDS is applicable under the Income Tax Act.

Shifting or transportation of heavy machinery usually falls under contractual services.

Relevant Section & Rate:
Section 194C of the Income Tax Act deals with TDS on payments to contractors and sub-contractors.

If you pay a contractor for shifting/transport services, you need to deduct TDS.

TDS Rate: Generally, 1% if the payment is to an individual or HUF contractor.

2% if the payment is to other entities (companies, firms).

Conditions for TDS Deduction:
TDS is to be deducted if the payment or aggregate payments in a financial year exceed Rs. 30,000 for a single contract or Rs. 1,00,000 cumulatively.

You must deduct TDS at the time of payment or credit, whichever is earlier.

Summary:
Service TDS Applicable? Section TDS Rate
Shifting heavy material/machinery Yes 194C 1% (individual/HUF), 2% (others)

Important:
Ensure you get the contractor’s PAN to deduct TDS correctly.

File the TDS return and provide the contractor with a TDS certificate (Form 16A).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Tanuj Kumar Sharma

avulaandcopdrl 2023

Amit

Sameer

Choudhary

Subscribe Now

What is tds for shinfting

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

Article Assistant

GST CONSULTANCY